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20121201
20121231
Search Results 0 to 18 of about 19 (some duplicates have been removed)
.com/pricerewind. >>> as if the looming fiscal cliff wasn't enough to worry about, now 14,000 dockworkers at ports from massachusetts to texas are threatening to go on strike sunday. that could cost americans billions of dollars, because shipping costs on everything from shoes to cars would skyrocket. cnn's brian todd is at the port of baltimore. >> reporter: victor, this is a crucial port for commerce in this region. this is the seager terminal in baltimore. you see a containership to my right, the terminal on my left. over my left shoulder, 600,000 containers move through the port of baltimore every year, billions of dollars' worth of goods but that could all come to a grinding halt if the dockworkers and the shipping companies can't reach a deal. they moved everything from our cloths to toys and electronics through the ports and into the marketplace but a lot of the goods won't be making it to our stores if longshoreman from maine to texas go on strike. that's what could happen by sunday if a deal can't be reached between the major shipping companies and a union representing nearly 15,000 longshoremen. >> the imp
at the port of los angeles that stranded all of those christmas presents, it costs us about a billion dollars a day in lost business and shut down the nation's busiest port and stranded ships full of fabulous retail merchandise. all of that is now being unloaded. port officials now say it will take about a week to try to get back to normal. sounds like things are solved. i'm joined by the mayor of los angeles, antonio villaraigosa who helped broker the deal to get the port workers back on the job. i want to talk about the port in just a moment. first i want to talk about pressing national business. something called the fiscal cliff, which i know you have been watching. you're very closely aligned with president obama having been the chair of the democratic national convention in september. i want to get your take on this. this is critical to your state. businesses in your state. taxpayers in your state. do you have any optimism that we may not go off the cliff? >> i do have optimism. there's no question about it. i think both sides understand that it's not in the nation's best interest for us
of the busiest ports in the country now. a line of ships stacked with stuff, stuff that can't get on shore into, trucks and off to your store. it's a strike. and it's costing the united states billions. what's it all about? that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. [ male announcer ] break from the holiday stress. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. at chevy's year-end event, we have 11 vehicles that offer an epa-estimated 30 mpg highway or better. yeah? hey. hey. where's your suit? oh, it's casual friday. oh. [ male announcer ] chevy's giving more. now get a 2013 malibu ls for around $199 pe
ports in southern california are refusing to cross the picket line and set up by clerical workers. today, both sides have reached an agreement of sorts. they agree they need a federal mediator. i want to bring in miguel marquez in long beach. what's the deal? what's the hang-up here? >> reporter: well, the hang-up is over language regarding outsourcing of jobs. only talking about 800 jobs in total, and a small fraction of those are their clerical workers at the port that are striking. one of the people who is a -- represents the labor union said they were miles away a few days ago. now about a yard away. the mayor of los angeles has been up all night, he got in from an overseas trip in l.a.x. up the way here. he came here last night about midnight and he's been up with the negotiators all night trying to get them to this point today. here is how he described how those negotiations are going. >> i can just tell you as a general proposition that there is too wide of a chasm between the parties now, though the good news is they have agreed to federal mediation, they had not agreed -- agreed
federation has given to this situation if workers strike at 14 of the country's ports all along the east coast, the gulf coast, from maine to texas. what's happening here is members of the international long shoreman's union, they're at an impasse with management over wages, as well as container royalties. these are royalties, fees paid to dock workers based on the wait of cargo that's unloaded. they were created five decades ago as an alternative to paying higher wages. you can think of it as bonuses for longshoremen. but here's the thing. cargo canes say the bonuses are sxweezing their profits and limiting their ability to compete. the deadline for this situation is friday at midnight. dock workers, they they've got some big leverage here. the clear thing is, we need our ports running. it could have a huge and negative ripple effect on the economy. the strike could stop truckers and railroads right in their tracks. it can cause delays at factories and keep goods off store shelves. we got a taste of what this could be like. there was an eight-day strike in los angeles earlier this year
dispute over our nation's ports and a possible strike, we have just learned that both sides have resolved the royalties question and they have agreed to another 30 days of negotiation for other issues. what that means bottom line is there will be no strike at more than a dozen east ports for a month. >>> amid-the fallout that a plunge off the fiscal cliff would bring, there is this this. a tax break that has saved st g struggling homeowners from paying thousands of dollars to the irs. that's set to expire. alison kosik is at the new york stock exchange to explain this. so what is this all about? >> first of all, this would affect anyone who foreclosures on their home or who sells their home as what's known as a short sale. that's when you sell your home at a loss but avoid foreclosure. this could involve up to a million people. this is about a law put in place in 2007 called the mortgage forgiveness debt relief act. let's say you sell your house for $100,000 but your mortgage is $150,000. you normally have to pay taxes on the remaining $50,000. this law excuses homeowners from paying tha
't unload because there's a labor strike going on at the ports of los angeles and long beach and that strike has been going on eight days. joining us is miguel marquez. this thing is costing the u.s. economy about $1 billion. is wr? >> reporter: well, what's wrong the clerical union, folks striking there behind me, blocked several terminals here at ports of los angeles and long beach. it is a massive operation here nearly ahalf trillion in goods come through every year, it's huge. 40 ship affected. several and berthed here. several turned away. others awaiting in the ocean. we understand there is a press conference with the mayor, dramatic negotiations finally going on on this. they hadn't been talking for some type. mayor villaraigosa coming in from overseas trip last night, 10:30, 11:00 pacific time, went straight to negotiations not far from here. he's been there all night long on their backs and he's doing a press conference in 25 minutes or so. that probably means there is a deal at hand. >> a billion dollars a day, i hope they're bringing out all of the stops at this point. if you're o
. think they about amsterdam, right? holland's famous port city has about 780,000 people. drugs there are technically illegal but they've been tolerated since the 1970s. seattle is a port city, too, a little smaller than amsterdam. as of this week, marijuana is legal across the whole state in amounts up to one ounce. what can seattle and the rest of american expect to happen in areas with legalized pot? i asked an amsterdam journalist. >> they don't have to fear any increased -- that's my experience here in amsterdam. a lot of foreigners are coming to buy -- it's not heroin or cocaine. it's cannabis, marijuana. there are strong regulations, people who are under 18 can't buy it. the mayor checks every coffee shops every year. the police are checking it. they aren't allowed to sell any more than five grams per customer. >> so are you saying that it's an irrational fear that they have, that it's going to increase the crime rate, that it's going to be violent and there's an undercover factor -- >> yes. >> you think that's an irrational fear? >> yeah. i think it's an irrational fear.
went to a high school in port allen, west baton rouge, it was called the port allen pelpelicans. my home state is thinking about changing their name, the new orleans hornets. >> you got hurricanes, you have cuisine. i like the jazz utah lifted when they got the team. pelicans, i'm not sure she's cutting it. >> beautiful but doesn't sound like -- thank you. always a pleasure to see you. >>> next international leaders are gathering in norway where they're preparing to honor the best of the best. a restaurant is hard, try running four. fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. so, the 5.3-liter v8 silverado can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. get the best offer of the year -- 0% apr financing for 60 months plus $1,000 holiday bonus cash. plus tr
does not. so buy not make every effort to come to some port of solution or negotiation that is reasonable with somebody that it least seems to be a more willing partner than hamas which arguably is gaining great strength in the region. >> we have trieded, for four years, this government and previous governments have tried, with the fatah and with mr. abu mazen in twooi2008 received the generous offer from the prime minister, and he just refused it and didn't have the decency to have a counter offerer. when net tanyahu came into offi and tried to negotiate for peace, the palestinians again didn't come to the table and found for pretexts to attack us both politically and legally. this is not the way to move forward. >> that is israel's deputy minister of foreign affairs. well, they're real life heroes, people like this one, who helps poor people around the world. we'll get you ready for tonight's hero awards. >>> and this proves you should never, ever get up, a dog and his owner reunited after seven years apart. two years ago, the people of bp made a commitment to the gul
is port-au-prince the american people and very important for our economy. thanks. >> there you go. speaker always short and sweet and had that intention of coming out at 11:00. and hit his mark. four minutes later, done with that. so the meantime, christine romans is there. she has been breaking down the jobs number. you heard him. he said that president -- the call with the president was -- more of the same. and that the -- >> pleasant. more of the same. >> such a holiday spirit. look, this is critical because we are starting to see really hardened numbers when it comes to the taxation of the top 2%. >> let me tell you what the -- smart money on wall street is saying. one of the reasons why still have the dow above 13,000, they think that the president and democrats have held the line here and they have the upper hand and have the leverage. and the question now is what will the top tax rate be? right now 35%. it is going to go up to 39.5%. >> that's the wish list of the democrats. goes all the way -- >> 39.5%. >> pre-bush tax cut levels. so what will -- will -- you heard dan ask that ques
, again moving at the nation's biggest shopping complex as the ports of los angeles and long beach. this day long huddle led to a tentative deal today to end this eight-day strike by harbor clerks, who feared their jobs would be outsourced. >> really pleased to tell all of you that my 10,000 long shore workers in the ports of l.a. and long beach will start moving cargo on the ships. >> the deal won't be final until union members actually vote on it. >>> and 11,000 jobs are vanishing at citigroup. that's about 4% of the company's workforce. all these job cuts are part of this plan to cut costs at the financial giant, which nearly collapsed during the 2008 financial crisis. they are expected to save $900 million next year. and more than $1 billion a year after that. this is the first huge move by michael corbett who became citigroup's ceo when vikram pandit resigned. >>> we're getting word actually now that reza sayah, our correspondent in cairo, he called in, we're hearing masked men have set fire to an office headquarters in the muslim brotherhood. stand by for that. that's next. a
. this is i-35 near port dodge, iowa. 30 vehicle, 10 to 12 inches of blowing snow and near zero visibility. say it again. think twice if you have to get out of this and drive. karen is standing by in the weather center, but i want to talk travel. ted, let me go to you. you have this part of the story at o'hare international airport. talk to me about flight cancellations. where are we on that? >> plenty of flight cancellations here, brooke. the main reason is the weather in other cities. you can see here it's still raping and expected to still keep raining for a couple of hours before it turns to snow. when it turns to snow, there is going to be major trouble here. at midway airport, southwest airlines has canceled all of their flights after 5:00 local time. in a few hours at midway, they have proactively canceled the flights. they will likely be okay getting oust o'hare and chicago because there is a window of a couple of hours. you see a bunch of sailors who finished up basic training and they are hoping to get home for the holidays. they have more stop and then they will be on leave. the
says your holiday packages, delayed. unavoidable delays. the blizzard hit its main port in kentucky pretty hard. >>> and every year right around this time, conservationists come up with the world's most endangered animals. the cow, yes, that the president owned was endangered a couple of years back. but the cow is on the comeback trail. dan lothian has this american journey. >> reporter: you are looking at one of the rarest, most endangered animals on the planet, the randall lineback cow. they are more endangered than polar bears, mountain tigers and there are fewer than 500 left on this planet. not in some far flung corner of the world but most here in northern virginia. joe henderson, a real estate executive and part-time farmer, is on a mission to save this historic be breed of cattle from going exstint. >> you cannot look at these cows and tell me that they are not beautiful. and the little babies -- >> pandas of the cow world. >> but it's very expensive raising these bovine pandas. >> this animal to survive must find a job. i think we found the job and the job is -- it is kind
bridges and michael snell of port land tied the knot just after midnight this morning. >> it's very surreal still. we didn't expect all the cameras and everything tonight. >> we finally feel equal and happy to live in maine. >> it's official now. after nine years, it's all good. >> yeah. >> voters in maine and maryland approved same-sex marriage in november. >>> don wright is not going to let a little thing like cancer keep from his goal running a marathon in every state. he's well on which is way to achieving that goal. he's an unusual patient in another way experimenting with a new approach to his disease. here's dr. sanjay gupta with today's "human factor." >> don's career spanned engineering, being a company vice president and the law. and at age 62, he discovered a new passion. marathons. eight years ago, just days after running his first 26-mile race though, he got some devastating news. >> i had gone to the doctor a couple of times for pain in my back. it was multiple myeloma. >> this is a chancer of the blood where the white blood cells invade bone marrow causing pain, usual
'll be the first to know. >>> no strike for at least a month for workers at ports on the east and gulf coasts. it would be a big deal for the nation's economy if the international longshoreman's association does strike. the contract was due to expire a minute after midnight sunday, but good news, good news today as both parties agree to a partial deal to keep talking. they were able to work out a major sticking point that extends the contract for a month. so stay tuned. >>> more water is drastically needed in the mississippi river. the need is so dire, barge traffic may shut down as early as next week. that means thousands of shippers may lose their jobs. water levels and ice forming in the river right now makes it difficult for the ships to pass through. ships carry about $7 billion in goods on the river in december and in january. that's according to bloomberg report. i want to bring in chad myers now. how will the current weather situation play into this? will the river get the help it needs? >> no. not in the places that need it. remember we talked about the rain, all this snow that is go
of them. the port arthur massacre galvanized the country. even the government run by conservatives said we have to do something. essentially what they did is banned assault weapons. acquired much more strict licensing for everyone else and imposed what was semi voluntary buyback program. so they bought people's guns from them in some cases a lot of public pressure on people to give up their guns even if they had a right to keep them under law. they gave them up. they got 650,000 guns out of people's hands, about a sixth of the guns in australia, and here's what the former foreign minister alexander danner had to say about the experience. >> 67% of all homicides in the united states are committed with firearms whereas in australia, only 11% of homicide s are committed with firearms. the two sets of statistics tells you that the scheme we introduced in 1996, hugely controversial, all of the same arguments about rights to bear arms and so on, it has in the end saved a large number of lives in this country. >> okay. so that's australia which is a country that had a fair number of guns. another
Search Results 0 to 18 of about 19 (some duplicates have been removed)